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Nov 1, 2012
11/12
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bank of america, highest close since april. jpmorgan also good. simon, you think the sandy play would be over, but no. trex, those waterproofing products -- >> you got to wonder if they're covering shorts in advance of the employment report perhaps, bob. >> they're buying on sandy pretty heavy on these stocks. >> >>ty, more later, back to you. >>> a lot of economic data out today. some of it supposed to have come out earlier in the week, was delayed. shows an economy building momentum. that is at least until sandy came. steve leisman here. steve, is sandy going to slam the brakes on this slightly upward arc we're seeing in the economy? >> it is definitely going to have an impact on the economy. today we got a read on the economy ahead of sandy giving us really a baseline. that baseline was a little bit better than economists originally thought. at almost every count. perhaps the miss here -- what a nice graphic they made. perhaps the miss there was because they don't know how to estimate the new methodology. but that was better than expected. clai
bank of america, highest close since april. jpmorgan also good. simon, you think the sandy play would be over, but no. trex, those waterproofing products -- >> you got to wonder if they're covering shorts in advance of the employment report perhaps, bob. >> they're buying on sandy pretty heavy on these stocks. >> >>ty, more later, back to you. >>> a lot of economic data out today. some of it supposed to have come out earlier in the week, was delayed. shows an...
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Nov 13, 2012
11/12
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as we first reported yesterday, john mcafee is on the run in central america. he is wanted for murder. we have new information this hour, including his side of the story. >>> and tens of thousands of people are still without power in the 12 wealthiest counties in the country. my mere and father-in-law got theirs back last night, but they still have no heat, no hot water and no laundry. we sent gary gam minute ski into the mess in his home up to with two cameras and what he came back with will stun you. sue is live at the new york stock exchange. sue? >> i have seep a little bit of that ty, you don't want to miss gary's story in a few minutes much the markets have been up and down on either side unchanged today. right now the dow is in the green by 22 points, the s and p up about 2.75 points. nasdaq negative by a quarter percent. gold market, a little profit taking there, well up above the 1700 level. west texas intermediate crude down two-thirds of a percent. all of this as the count down to the fiscal cliff ticks away. your money is literally being held hostag
as we first reported yesterday, john mcafee is on the run in central america. he is wanted for murder. we have new information this hour, including his side of the story. >>> and tens of thousands of people are still without power in the 12 wealthiest counties in the country. my mere and father-in-law got theirs back last night, but they still have no heat, no hot water and no laundry. we sent gary gam minute ski into the mess in his home up to with two cameras and what he came back...
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Nov 29, 2012
11/12
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you have to be the most diversified businessman in america. wouldn't you say? >> i have a diversified portfolio. >> reporter: gillman is a republican in a state represented by one of america's most powerful democrats, harry reid. >> he's been a friend to the state of nevada. so certainly i supported his campaigns. >> reporter: but he doesn't agree with reid on everything and he's worried about the fiscal cliff in a region recovering more slowly than the rest of the nation. >> to me, our world is tied to confidence. confidence in our leaders, confidence in washington. confidence in taxes. trying to figure out what's going to happen with all the health care. and we are absolutely crushed with regulation. this is where the buck stops. all of the rules that are made back there. all the regulations that are made back there. all the financial decisions, they all flow right down here to where you and i are standing. and if companies aren't calling and if they aren't expanding and if we aren't growing, then we're going in the opposite direction. >> reporter: applied an
you have to be the most diversified businessman in america. wouldn't you say? >> i have a diversified portfolio. >> reporter: gillman is a republican in a state represented by one of america's most powerful democrats, harry reid. >> he's been a friend to the state of nevada. so certainly i supported his campaigns. >> reporter: but he doesn't agree with reid on everything and he's worried about the fiscal cliff in a region recovering more slowly than the rest of the...
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Nov 7, 2012
11/12
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to really dramatically diminish our ability to use coal and that's enormously problematic for all of america, but in particular for coal producing states like penn. we've had to close six pennsylvania power plants just because of new -- a whole new generation of epa regulations. that's going to raise the cost of energy for us. and that's problematic. now in the meantime of course, there's been a huge boom in natural gas that's dramatically lowered the price and that has largely offset some of the damage that's been done on the coal side so far. but we really ought to be using both of these and we ought to be drilling for more oil. we really could be energy independent given the gas that we found and the oil that's coming from new reserves that we can reach through fracking, we can be energy independent but we've got to be willing to use the fossil fuels we have. >> senator toomey, thank you very much. sue, back to you. >>> thanks, ty. jonathan, as we've talked to a number of politicians throughout the day and it does seem as though they're going to take us right up to the brink. what does th
to really dramatically diminish our ability to use coal and that's enormously problematic for all of america, but in particular for coal producing states like penn. we've had to close six pennsylvania power plants just because of new -- a whole new generation of epa regulations. that's going to raise the cost of energy for us. and that's problematic. now in the meantime of course, there's been a huge boom in natural gas that's dramatically lowered the price and that has largely offset some of...
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Nov 19, 2012
11/12
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that's the definition of holding america's economy hostage. the politico's chief economic correspondent ben white says don't worry so much. ben, why do you say that? welcome back to "power lunch." why do you say this deal you think is done? >> details i think of the deal aren't done but the inevitability of the deal is done. people are looking at this through the lens of 2010-2011, a rising tea party, complete dysfunction in congress. not that we have a great function in language but we had a presidential election which the president ran and run on raising the top income tax rates. even republicans admit across the board, governor haley barbour of mississippi, one of the most conservative states in the nation, said we have to cut our losses on this, take some slight tax increase in return for some spending cuts. they're going to be back and forth, there's going to be moments where it looks like we're close to a deal, then terms change a little bit. but there is absolutely no appetite on the part of the republican party to get blamed for a fisc
that's the definition of holding america's economy hostage. the politico's chief economic correspondent ben white says don't worry so much. ben, why do you say that? welcome back to "power lunch." why do you say this deal you think is done? >> details i think of the deal aren't done but the inevitability of the deal is done. people are looking at this through the lens of 2010-2011, a rising tea party, complete dysfunction in congress. not that we have a great function in...
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Nov 2, 2012
11/12
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what's an appropriate rate in your view for the wealthy in america? should they pay more? >> if i can go back to the beginning of your question because i really agree with that, that what we're seeing is i think these profound economic forces and then governments in our societies can either mitigate them or lean into them. the paradox of america is, even if you have had the underlying economy lead to this greater wealth disparity, you actually have taxes at the very top and on the particular kinds of income that the wealthy tend to earn fall. so, yeah -- >> what's a good number? 45%? 50%? >> my book isn't about policy recommendations, robert. >> all right. we'll leave it there. michelle? >>> we got the last read on the jobs report before tuesday's election. who is it going to help the most? president obama or governor romney. >>> plus, while the new york boroughs like staten island struggle without power after hurricane sandy, the city is getting ready to hold a marathon this weekend. good idea? or wasted use of resources that could be deployed somewhere else. we discuss r
what's an appropriate rate in your view for the wealthy in america? should they pay more? >> if i can go back to the beginning of your question because i really agree with that, that what we're seeing is i think these profound economic forces and then governments in our societies can either mitigate them or lean into them. the paradox of america is, even if you have had the underlying economy lead to this greater wealth disparity, you actually have taxes at the very top and on the...
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Nov 15, 2012
11/12
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can you see it all totals $67.9 billion in savings without affecting, coburn says, america's military fighting strength. back to you. >> eamon javers, thank you very much. let's talk more about this with ben white, chief financial correspondent at politico. ben, welcome back. react to senator coburn's report which i believe, if i'm recalling correctly, he has done in multiple years in the past. it is always extraordinarily provocative. if we were to go after real waste in the government, how much would we really get? >> well, clearly here we'd get $67 billion if you go after ten years. department of defense may have the biggest amount of boondoggle spending. i don't know if anybody else studies cling-on religious beliefs or new ways to get beef jersey flatter, but there is wasted fraud and abuse all over the federal government. we always talk about eliminating them as part of any deficit reduction deal so we don't have to cut spending or raise taxes as much in important areas. we never wind up doing it. that's why coburn comes out every year with a new report highlighting these things
can you see it all totals $67.9 billion in savings without affecting, coburn says, america's military fighting strength. back to you. >> eamon javers, thank you very much. let's talk more about this with ben white, chief financial correspondent at politico. ben, welcome back. react to senator coburn's report which i believe, if i'm recalling correctly, he has done in multiple years in the past. it is always extraordinarily provocative. if we were to go after real waste in the government,...
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Nov 21, 2012
11/12
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craig barrett, former ceo of intel, described california where you live and do a lot of business as america's version of greece because of the level of public expenditure and so forth. do you see it that way? >> no, i don't see it that way. listen, california has its issues. locally we have our issues. there are income issues, there are increased taxes that i wouldn't necessarily want to have happen in the state, which did happen. but we have to address those. i think we've got positive momentum. i know we have positive momentum. so are we perfect? no. but california is growing at a much faster pace and a better pace than most of the united states. so i don't equate it to greece at all. >> mr. caruso, thank you for being with us and a happy thanksgiving to you. >> thanks you. >>> he's a billionaire, right? i wish he were related. >>> all right, next, making cardboard profitable and interesting. jane wells is on the case, of course. jane. >> hey, michelle. say you have a business where you use a lot of cardboard boxes and you want to be green and buy cheaper recycled boxes. we. fou we found a
craig barrett, former ceo of intel, described california where you live and do a lot of business as america's version of greece because of the level of public expenditure and so forth. do you see it that way? >> no, i don't see it that way. listen, california has its issues. locally we have our issues. there are income issues, there are increased taxes that i wouldn't necessarily want to have happen in the state, which did happen. but we have to address those. i think we've got positive...
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Nov 20, 2012
11/12
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an economy that grows that low a rate, that is something we are not used to in the united states of america, tyler. we expect to be an economy that grows a faster pace than that, up until now, one of the most liberal economies in the world and we don't mean in terms of liberal versus conservative in politics, mean the most dynamic economy, where we can adapt to changes very, very quickly. that's why we can grow so fast. at least in the past. that would be one dramatic change if that turns out to be true, and frightening. >> one of the other things that you were talking about and kenny polcari was and john, your thoughts on, this the idea that whether we go full thelma and louise off the fiscal cliff or not, there is likely to be fiscal restraint in the year 2013. higher taxes some form or another and reduced federal spending and that is going to pull -- put a drag on the economy, a headwind, whether that will be sufficient to push the economy into a recession or not it he was a little bit vague on it. he said we could maybe deal with that, but, we the fed, don't have the tools to deal with
an economy that grows that low a rate, that is something we are not used to in the united states of america, tyler. we expect to be an economy that grows a faster pace than that, up until now, one of the most liberal economies in the world and we don't mean in terms of liberal versus conservative in politics, mean the most dynamic economy, where we can adapt to changes very, very quickly. that's why we can grow so fast. at least in the past. that would be one dramatic change if that turns out...
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Nov 6, 2012
11/12
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and in our america's top states for business rankings this year, third for low cost of doing business. but who gets credit for that, the democrats and support of president obama say it's the auto bailout you can the stimulus. supporters of governor romney say it's republican governor john kasich and the strides this state has made are in spite of president obama. economist jason sell legman here at ohio state says it really has to do a lot with ohio's diverse economy. >> we, of course, both make things but we make things for each other, so there are export and import dynamics. >> what is -- will have to be different by the obama administration is forging a new alliance with the business community all over the country. and the new alliance is going to carry the day on the other side of the aisle, the republican. >> that's columbus mayor mayor michael coleman who is predicting an obama victory but says there needs to be changes if the president is re-elected in terms of how he relates to business, particularly as we head for the fiscal cliff. we will see how ohio goes, this is going to
and in our america's top states for business rankings this year, third for low cost of doing business. but who gets credit for that, the democrats and support of president obama say it's the auto bailout you can the stimulus. supporters of governor romney say it's republican governor john kasich and the strides this state has made are in spite of president obama. economist jason sell legman here at ohio state says it really has to do a lot with ohio's diverse economy. >> we, of course,...
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Nov 8, 2012
11/12
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make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >>> welcome back to "power lunch." we're watching shares of windstream, hitting a three-year low. it's only one of a dozen new lows in the s&p 500. we have no new highs today. >> all right, bertha. thank you very much. >>> we might say that the dow jones industrial average has pared its losses since we came on the air. we were down 82 points and now we're only down 44 points on the trading session. the s&p 500 is down about six points on the trading day but the nasdaq continues to suffer in terms of its percentage losses. but it also is coming off of its worst levels of the day. that's some good news 40s bulls out there. >> very interesting day. an interesting week. we got more coming up
make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >>> welcome back to "power lunch." we're watching shares of windstream, hitting a three-year low. it's only one of a dozen new lows in the s&p 500. we have no new highs today. >> all right, bertha. thank you very much. >>> we might say that the dow jones industrial average has pared its...
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Nov 30, 2012
11/12
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. >> we're just here to support doing the right thing, putting america back to work. >> we don't legislate but we know a lot about what the consequences are of a failure to reach an agreement. >> only way democracy works is through compromise at the end of the day. i know no other way. >> i'm optimistic we can continue to work together to avert this crisis. >> our ultimate goal is an agreement that gets our long term deficit under control in a way that's fair and balanced. >> a reversal of fortune on wall street as stocks trade on fiscal cliff comments from president obama and john boehner. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. the white house has to get serious. >> republicans know where we stand. we've said it, we've said it, we've said it so many times. >> i think all of us today are confident we can reach a bipartisan agreement by christmastime. >> according to congressional republican aides who have talked to the "wall street journal," they say they have obtained a copy of the white house's proffer here in
. >> we're just here to support doing the right thing, putting america back to work. >> we don't legislate but we know a lot about what the consequences are of a failure to reach an agreement. >> only way democracy works is through compromise at the end of the day. i know no other way. >> i'm optimistic we can continue to work together to avert this crisis. >> our ultimate goal is an agreement that gets our long term deficit under control in a way that's fair and...